Strategy, listed on Nasdaq and holding the largest Bitcoin reserve among public companies, purchased only 250 coins last week. Its balance now stands at 848,250 BTC.
Two weeks ago, the company, formerly known as MicroStrategy, added 1,665 BTC to its reserve, and a week later bought another 334 bitcoins – marking a second consecutive modest purchase. For comparison, in November 2024, Strategy bought 55,500 BTC in one week. The reduction in volume is not due to depleted accounts. According to a statement from October 5, Strategy had about $4.9 billion in dollar reserves intended for dividend payments.
Part of the funds was redirected to a stock buyback. In the week leading up to October 4, $176.3 million was spent on this – Strategy repurchased Stretch (STRC) shares with monthly dividends. This is about six times more than the spending on Bitcoin. The previous week, $151.7 million was spent on the STRC buyback compared to $142.7 million on Bitcoin.
Bitcoin is trading at $83,338, with a daily increase of 0.27%. At the current rate, Strategy's reserve is worth about $70.7 billion. The average entry price is $75,441 per coin, as confirmed by a chart shared by Chairman Michael Saylor on October 11 on X. Gold advocate Peter Schiff believes that Strategy has lost opportunities for new purchases: the sale of STRC shares, which replenished reserves, has come to a halt. Meanwhile, Saylor continues to publicly support Bitcoin and announced another purchase on Sunday with a scheme of orange dots, where each dot represents a separate purchase.
Strategy can still issue common shares worth up to $18.8 billion, according to documentation from September 28. Future reports will show how much of the raised funds will go towards Bitcoin and how much towards buybacks.
This material is prepared solely for informational purposes and does not constitute financial advice or a recommendation.
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